Answer:
Income tax
Explanation:
The money you earn is ur income so the deducted by federal government is your income tax per year
Answer:
Price elasticity of demand for X=-2
Explanation:
The price elasticity of demand is a measure of the sensitivity in quantity of good demanded in relation to a change in price. It is often used to determine whether a good is elastic or inelastic. An elastic good is a good whose demand changes spontaneously with a change in price while an inelastic good is a good whose change in price doesn't affect the quantity demanded. Most inelastic goods are needs while most elastic goods are luxuries. A need is an item that most people cannot do without even if the price changes while a luxury is a good that most people can do without especially if the price of that good increases.
The price elasticity of demand can be determined using the expression below;
Price elasticity of demand=%change in quantity demanded/%change in price
where;
%change in quantity demanded={(Final quantity-initial quantity)initial quantity}×100=-10%
%change in price={(Final price-initial price)/initial price}×100=5%
replacing;
Price elasticity of demand=(-10%/5%)=-2
Price elasticity of demand=-2
Answer:
$33,000
To avoid penalties, if a taxpayer owes $1,000 or more in tax payments beyond withholdings, such taxpayer will need to have paid in for taxes the lesser of: 90% of the current year's tax ($50,000 x 90%) = $45,000, or 100% of the previous year's tax ($30,000 x 100%) = $30,000
However, if the taxpayer had adjusted gross income in excess of $150,000 in the prior year, 110% of the prior year's tax liability is used to compute the safe harbor for estimated payments. (Previous year's tax $30,000 x 110% = $33,000).
Explanation:
Answer:
Increase in income= $20,000
Explanation:
Giving the following information:
Marigold Corp. manufactures a product with a unit variable cost of $100 and a unit sales price of $181. Fixed manufacturing costs were $480000 when 10000 units were produced and sold. The company has a one-time opportunity to sell an additional 1000 units at $120 each in a foreign market which would not affect its present sales.
We will not have into account the fixed costs, because there is unused capacity.
Increase in income= contribution margin * units sold
Increase in income= (120 - 100) * 1000= $20,000
